Economy

Natural Gas

Germany Takes Over Uniper, Raising Rescue Bill to $29 Bln

Germany confirms nationalisation of gas importer Uniper.

Natural Gas

Germany Could Nationalize Uniper as Early as Next Week

The German government, energy giant Uniper, and its majority shareholder, Fortum, have reached a preliminary agreement under which Germany will nationalize the …

Natural Gas

Germany’s Natural Gas Storage Will Last for Two and a Half Months

Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday.

Wind Power Project

ØRsted Completes Acquisition of German and French Onshore Wind Platform Ostwind

Ørsted has today completed the acquisition of a 100 % equity interest in OSTWIND

Natural Gas

Uniper Weighs Nationalisation Amid Energy Market Turmoil

German gas importer Uniper is flirting with nationalisation as the company suffers the longstanding financial consequences of the war in Ukraine.

Hydrogen Fuel Cell

Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine

Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.

Net Zero Emission

US Invests $178M to Advance Bioenergy Technology

A total of 37 projects will develop new technologies that engineer plants and microbes into bioenergy and improve carbon storage

Wind Farm

Iberdrola Sells Share of Wind Farm for €700M

A Swiss infrastructure investment firm will own a 49% stake in Wikinger offshore wind farm in Germany

Solar Materials

Jinkosolar Signs Two Polysilicon Supply Contracts in a Month Totalling Nearly Us$30 Billion

JinkoSolar has signed a major polysilicon supply contract worth more than RMB103.3 billion (US$14.9 billion).

Poland

Poland to Freeze Electricity Prices for Households in 2023

Poland plans to freeze in 2023 electricity prices at current levels for households consuming less energy, the ruling Law and Justice (PiS) leader said on Tuesda…

EU

EU Approves €1.5BN Romanian Scheme to Compensate Energy-Intensive Firms

It will cover part of the higher electricity prices arising from the impact of carbon prices on power generation costs, i.e. indirect emission costs, incurred b…

Net Zero Emission

Around 13 Million Workers to Join Energy Sector by 2030: IEA

It is expected to double under the net-zero emissions scenario.

Net Zero Emission

Singapore Bank DBS Sets Decarbonisation Targets for Key Sectors

Singapore's DBS Group has set decarbonisation targets for nine industry sectors, including power, oil and gas, aviation and shipping, and reinforced its commitm…

Energy Transition

Egypt Climate Champion Calls for New Metric on Climate Finance

Developing country climate financing needs should start being reframed at the U.N. climate summit in November, in order to move beyond the outdated – and unful…

Energy Sector Employment Exceeds Pre-Pandemic Levels: IEA

It may increase by 6% in 2022.